Wednesday, March 19, 2008

How to become a mortgage broker in Australia

by Tony Rizk

Why become a mortage broker?



Obtaining mortgage finance for a new home or business can be a daunting experience for many borrowers and it's the professional mortgage broker who can help make this process much less stressful by offering valuable and helpful advice. Choosing a career in mortgage broking can lead to a flexible, well paid future helping individuals and businesses achieve their financial goals.





What qualifications are required?



Basic qualifications required in order to be a mortgage broker in most Australian states include the Certificate IV in Financial Services (Finance/ Mortgage Broking). This course is recognised by the Mortgage & Finance Association of Australia (MFAA) and provides ASIC PS 146 compliance which is required in order to give financial product advice.



The Certificate IV course consists of the following topics:



Module 1: Credit Services and Products

Module 2: The Legal and Regulatory Environment

Module 3: Doing Business



After completing the Cert IV course you can continue on to the Diploma in Financial Services which offers more indepth education in related financial subjects.





How is the training delivered?



Mortgage broker training courses must be delivered by a registered training organisation (RTO) and students may be able to select different modes of study depending on the organisation they choose. For example some training providers will provide intensive face to face workshops over a number of days, distance education may also be offered and also online instruction can be provided. These flexible study options make it very easy to complete mortage broker training at a time or place that suits.


Smart Academy provides mortgage broker training including the PS 146 accredited Certificate IV in Financial
Services
Finance/Mortgage Broking. Real estate certificate and licence courses plus CPD subjects are also offered for busy property professionals in NSW.

All information is deemed to be correct at the time of writing. Please visit http://www.smartacademy.edu.au to view our course calender. Copyright 2007 Tony Rizk

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